International Human Resources Co. (Aldawliah) reported a 34% decline in net profit year-on-year (YoY) to SAR 2.8 million in 2023, from SAR 4.3 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 77.23 | 112.09 | 45.1 % |
| Gross Income | 16.23 | 18.47 | 13.8 % |
| Operating Income | 6.74 | 4.61 | (31.6 %) |
| Net Income | 4.30 | 2.84 | (34.1 %) |
| Average Shares | 50.00 | 50.00 | - |
| EPS (Halala) | 8.60 | 5.67 | (34.1 %) |
This was ascribed to setting aside credit loss provisions at SAR 1.3 million in 2023, compared to zero provisions in 2022. The company also cited a 74% increase year-on-year (YoY) in Zakat expenses.
Total shareholders’ equity, no minority interest, stood at SAR 43.36 million by Dec. 31, 2023, compared to SAR 39.79 million a year ago.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net profit (SAR mln) |
EPS (SAR /share) |
|
H1 2021 |
41.41 |
3.00 |
0.06 |
|
H2 2021 |
36.58 |
(0.54) |
(0.09) |
|
H1 2022 |
39.20 |
3.72 |
0.07 |
|
H2 2022 |
38.03 |
0.58 |
0.01 |
|
H1 2023 |
47.82 |
1.65 |
0.03 |
|
H2 2023 |
64.27 |
1.19 |
0.02 |
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